IRA Conversion

From: Ira Krakow <krakowi@tiac.net>
Subject: IRA Conversion
Date: Wed, 29 Apr 1998 18:08:50 -0400 (EDT)

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>X-Originating-IP: [206.30.222.151]
>From: "mike morehouse" <mikemore@hotmail.com>
>To: pfinance.guide@miningco.com
>Subject: IRA Conversion
>Date: Wed, 29 Apr 1998 05:33:17 PDT
>
>On 4/15/98 I opened a Traditional IRA for tax year 1997 for my 19 year 
>old son using a $2,000.00 lump sum contribution. We did a traditional 
>deductible to reduce his taxes. Am I correct in understanding that I 
>could now convert this IRA to a Roth and be able to spread the taxes 
>over 4 years. Would this not make sense to do and is there something 
>here I am missing or this this just a smart thing to do that Uncle Sam 
>lets us do this year only?
>
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